Shanghai-based Yelp-like review website Dianping.com and Beijing-based group discount platform Meituan.com have merged to form the largest group buying company in China, taking 80% of the group discount market in the country with a valuation of US$17 billion, according to Chinese media reports. China Money Network is still verifying the news, and cannot confirm the […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.